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Quilvest Private Equity and Gen II Fund Services enter into a strategic agreement

Gen II Fund Services is to acquire Quilvest Luxembourg Services (QLS) from Quilvest Private Equity with Quilvest remaining a client of Gen II. 

QLS is a Quilvest affiliate based in Luxembourg providing Private Equity/Real Estate administration services and supporting over USD5 billion of assets. The transaction is subject to regulatory approval. Upon closing QLS will change its name to Gen II Luxembourg Services.

“We are extremely fortunate to be aligning with Quilvest Private Equity (Quilvest). Quilvest has approximately 125 professionals (of which 55 work at QLS) focused on providing private equity and real estate investment programs to investors worldwide. The QLS platform will enable Gen II to further develop its relationship with Quilvest, while also providing Gen II’s clients with capabilities to have a Luxembourg base of operations and trusted partner in Europe,” said Norman Leben, Managing Principal and Co-Founder of Gen II.

“The QLS team is a highly experienced and well recognised professional group. We look forward to the QLS team joining Gen II and helping us expand our global servicing capabilities,” says Steven Millner, Managing Principal and Co-Founder of Gen II.

Alexis Meffre, Executive Chairman of Quilvest Private Equity, says: “Our investment management team is excited to be working closely with Gen II. We believe that Gen II’s reputation of being a trusted partner and delivering best-in-class services is what sets them apart. Our existing QLS professional team will be provided with the unique ability to further develop their careers with a world class organisation.”

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